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's ron mott is in the thick of it with the latest. >> reporter: all those protesters are starting to make their way away from the stateho measures passed the house. i just came back with an interview with the governor who expects to sign these two measures tomorrow, though it could happen later tonight. no signing ceremony because of the contention surrounding the issue. one of the things that a lot of workers on the ground talked about says it's an issue of fairness. it's unfair for non-union members to benefit from generations of hard work, all the advancements for organized labor and blue collar workers through the generations. the governor says they believe this makes michigan more competitive not just to attract businesses here but around the world to attract international companies to michigan and puts them back on a level playing field with other states that have passed similar legislation. if the governor signs this, as expected. michigan will become the 24th right to work state, joining a lot of other gop republican-controlled legislature. a partisan issue, republicans versus dem
.c. penney side, i do think j.c. penney has an interesting turnaround story here. the stores of ron johnson have been able to revamp and institute his new model of a collection of boutiques. those stores have seen the revenues double. only 10% of the stores have been revamped, but if they can continue to maintain cash flow long enough. >> i don't like what ron johnson is doing. since this guy's taken over this stock has done nothing but go down. it was about the product, not the concept. anyone could have sold ipads and ipad minis and iphones over the year, the complete opposite and failure at jv penny the want to avoid those shares. >> rich, of course, the stock has done poorly, but it's done much better since the ipo of groupon of the you've been much better served actually being in j.c. penney than being in groupon. i would also say this. i think there is a cushion you have in j.c. penney than not groupon and that's the real estate. arguably the real estate of jc penny is worth more than the market cap of the company. with the underlying protection i think you have a bit of a free call o
. >> yeah. >> let's get reaction from our guests, tyler verne oven builtmore capital and our friend ron insana and rick sell who got a shutout during the news conference identified as steve liesman's nemesis and steve who was the first questioner there during the chairman's news conference will be joining us shortly here as well. tyler vernon, what do you make of the fed's new view of monetary policy? they are targeting fed funds to go up when the unemployment rate goes to 6.5%? what do you make of that? >> well, i think what i make of that is that it's probably going to be around a lot longer than we think. before they talked about 2015, they continue to see an economy weakens, so i think it gives them flexibility to get the rates out a little longer. >> is that good or bad? >> you know, i think short term it's probably a good thing? long term i think it creates a lot of issues, and he even said, and i quote, asset purchases are less well understood, and he doesn't really understand the costs long term of these types of things. the market is down, look at where the market was now versu
story here. ron is now cla-- we're going to out the truth behind the spy game later. ♪ mom? dad? guys? [ engine turns over ] [ engine revs ] ♪ he'll be fine. [ male announcer ] more people are leaving bmw, mercedes and lexus for audi than ever before. take advantage of exceptional values customer erin swenson tbought so, i'm happy. today. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's ups my choice. are you happy? i'm happy. i'm happy. i'm happy. i'm happy. i'm happy. happy. happy. happy. happy. (together) happy. i love logistics. >>> welcome back. we've been talking all week and for days about companies issuing these special dividends to get ahead of anticipated higher tax rates in the new year. now we find out many firms are actually borrowing money to pay out these dividends even though they have plenty of cash. why borrow the money now? they have stashed cashes overseas is one reason, and they don't want the tax hit by bringing it back
Search Results 0 to 3 of about 4